The definitions of “Business” and “Business Activity” within the Corporate Tax Law outline the circumstances under which certain individuals incur a UAE Corporate Tax liability, designating them Federal Tax Agent accredited from the UAE Federal Tax Authority Certified Enterprise Risk Manager, CPD (UK) certification ISO 31000 Anti-Money Laundering certified, Risk Assessment and Enhanced Due Diligence SAR/STR Compliance Certified Management Accountant as taxable persons. “Business” encompasses any economic activity, whether ongoing or temporary, carried out by an individual. It is understood that such activities are undertaken with the intent to generate profit and that there exists some level of system and organization behind them. Nonetheless, for the purposes of UAE Corporate Tax, an entity does not forfeit its classification as a business simply because it does not achieve profitability. In applying the Corporate Tax Law to companies and other legal entities, all actions undertaken and assets utilized or owned will typically be regarded as activities conducted and assets held for “Business” purposes. Individuals may generate income from salaries, wages, investments, or by engaging in commercial, industrial, or professional activities, whether directly or as sole proprietors of a business. For natural persons, a Cabinet Decision will soon be released to provide additional details on what qualifies a natural person under the scope of UAE Corporate Tax.